Capitalism, Fraud, and Moving Forward in a Crisis

Robyn Hulsart and Vikkie McCarthy
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Robyn Hulsart: Austin Peay State University
Vikkie McCarthy: Austin Peay State University

Chapter 15 in Capitalism and the Social Relationship, 2014, pp 240-262 from Palgrave Macmillan

Abstract: Abstract Over the past three decades, there have been an increasing number of emerging markets and capitalist economies worldwide. This growing capitalistic global economy has proven to be sensitive and vulnerable due to the interdependence of many local economies. The most recent global economic crisis was exacerbated by the U.S. housing market crash as well as hedge fund and banking scandals. Cases of fraud and unethical corporate conduct by financiers have called into question the American financial institution as well as capitalism itself (Hart, 2010). Some have even argued that ‘capitalism is defunct’ (Abel, 2010).

Keywords: Unethical Behavior; Hedge Fund; Audit Committee; Crisis Management; White Collar Crime (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32570-9_15

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DOI: 10.1057/9781137325709_15

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